ASX to rise, Apple rallies, US bond yields drop

News Snapshot:

What’s driving markets Available positions decreased to 8.7 million from a downwardly revised 9.4 million in the prior month, the US Bureau of Labor Statistics Job Openings and Labor Turnover Survey showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists and the decline was broad-based across sectors. “The labour market is unmistakably cooling after running red hot for the last few years.,” Comerica Bank chief economist Bill Adams said. Adams said the drop in the 10-year yield reflected “increased confidence [within markets] that the Fed will pivot to rate cuts in 2024”. Looking to the...